HONG KONG, Dec 1, 2022 – (ACN Newswire) – – It was recently known to us that Wuling Motors (00305. HK) had completed the capital increase into Wuling New Energy. Wuling Motors, capitalized from the restructuring as an important participant, will expedite its in-depth deployment in the field of new energy vehicles in promoting a robust and comprehensive development in the new energy business.
After the restructuring, Wuling New Energy would integrate the resources from the group companies of Wuling Motors and focuses on R&D, manufacturing, and sales of new energy vehicles. According to public information, Wuling New Energy has a respectable performance in the domestic market. At present, it has the second-largest market share in the mark…
Read the full article at: https://www.marketscreener.com/quote/stock/WULING-MOTORS-HOLDINGS-LI-6165800/news/Fully-Charged-Wuling-Motors-Sets-Sail-On-Completion-of-the-Restructuring-of-New-Energy-Business-42447526/